Atkore Inc (ATKR) Stock: What Does the Chart Say Monday?

Atkore Inc (ATKR) stock has risen 5.53% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Atkore Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on ATKR!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With ATKR Stock Today?

Atkore Inc (ATKR) stock is down -0.54% while the S&P 500 is up 0.88% as of 12:18 PM on Monday, Mar 18. ATKR is down -$0.97 from the previous closing price of $178.91 on volume of 190,993 shares. Over the past year the S&P 500 has risen 30.64% while ATKR is up 31.62%. ATKR earned $16.82 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 10.6. To screen for more stocks like Atkore Inc click here.

More About Atkore Inc

Atkore is a diversified industrials company and a leading manufacturer of electrical, mechanical, and safety infrastructure solutions. Atkore has two business segments: electrical and safety and infrastructure. Net sales are highest in the electrical business line as well as in the United States. The key product categories in the electrical segment are PVC conduit, steel conduit, and PVC-coated conduit, which are staples for electrical distributors. The key product categories in the safety and infrastructure segment include in-line galvanized mechanical tube, metal framing and related fittings, and security bollards. Also, the company provides ancillary services to customers in the form of slitting and cutting structural steel sheets. Click Here to get the full Stock Report for Atkore Inc stock.